[Remote] SVP, Mortgage Funding Operations

Note: The job is a remote job and is open to candidates in USA. Cornerstone Capital Bank is a new bank with a strong focus on mortgage lending and community banking. They are seeking a Head of CCB Mortgage Funding Operations to oversee mortgage funding operations, manage P&L, and ensure regulatory compliance while optimizing systems and processes for efficiency.

Responsibilities

• Warehouse Line Management: Monitoring daily borrowings, advance rates, curtailment schedules, and collateral eligibility to maintain strict adherence to credit agreements
• Funding Operations: Reviewing wires, closing docs, and authorizing the release of funds to title/settlement agents
• Loan Delivery & Sale: Coordinating closely with Capital Markets on the gestation and sale of loans to secondary market investors or GSEs (Fannie Mae/Freddie Mac) to clear warehouse lines quickly
• System Optimization: Evaluate a Warehouse Management System that integrates with Phoenix Core, LV365, the new batch wire system, and the Data Warehouse. Develop and execute a phased rollout plan for CCB mortgage funding, including staffing, gating criteria, and pilot testing with select ABA partners and CHL

Skills

• Bachelor's degree in Finance, Accounting, Business, or related field
• 10–15+ years of experience in warehouse lending, correspondent lending, mortgage banking, or specialty finance
• Proven leadership experience managing operations and financial performance
• Strong knowledge of warehouse lending structures, collateral management, treasury, and regulatory requirements
• Experience with warehouse lending platforms such as OptiFunder Greyhound, ProMerit/WLS, or similar systems
• Excellent leadership, communication, and analytical skills
• Warehouse lending platforms and core systems that track line availability, collateral pooling, and document custody (e.g., ProMerit, Greyhound by OptiFunder)
• Loan Origination Systems (LOS): Processing and underwriting systems where the loan originates (e.g., Empower, Loan Vision, Black Knight)
• Document Management & Custody: Systems used to track and ship physical or eNotes (e.g., MERS integrations, DocMagic, eSignSystems)

Benefits

• Medical
• Dental
• Vision
• Accidental Death
• Long-Term Disability
• Short-Term Disability
• FSA
• HSA
• 401K
• Basic Life
• Voluntary Life
• Paid Parental Leave
• Performance based bonus based on position and department

Company Overview